Relive the excitement of the Patriots’ path to their fourth Super Bowl Championship with “Pumped,” a special commemorative book from The Boston Globe.

Rates on short-term T-bills fall

WASHINGTON — Interest rates on short-term Treasury bills fell in Monday’s auction, with rates on six-month bills dropping to the lowest level in four weeks.

The Treasury Department auctioned $32 billion in three-month bills at a discount rate of 0.105 percent, down from 0.125 percent last week. Another $28 billion in six-month bills was auctioned at a discount rate of 0.150 percent, down from 0.160 percent last week.

Continue reading below

The three-month rate was the lowest since the bills averaged 0.100 percent on Oct. 22. The six-month rate was the lowest since these bills averaged 0.145 percent on Oct. 9.

The discount rates reflect that the bills sell for less than face value.

For a $10,000 bill, the three-month price was $9,997.35, while a six-month bill sold for $9,992.42. That would equal an annualized rate of 0.106 percent for the three-month bills and 0.152 percent for the six-month bills.

Separately, the Federal Reserve said that the average yield for one-year Treasury bills edged down to 0.18 percent last week from 0.19 percent the previous week.

Loading comments...

Wake up with today's top stories.

Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
or
Please enter a valid email
BostonGlobe.com will never post anything without asking. Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com